Miracle Mile Advisors LLC Purchases Shares of 10,000 Sprott Physical Silver Trust (NYSEARCA:PSLV)

Miracle Mile Advisors LLC bought a new stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,000 shares of the exchange traded fund’s stock, valued at approximately $116,000.

Other large investors have also recently made changes to their positions in the company. Millstone Evans Group LLC acquired a new stake in Sprott Physical Silver Trust during the fourth quarter valued at $58,000. US Bancorp DE raised its stake in shares of Sprott Physical Silver Trust by 21.6% during the 4th quarter. US Bancorp DE now owns 7,050 shares of the exchange traded fund’s stock worth $68,000 after buying an additional 1,250 shares during the period. Rehmann Capital Advisory Group purchased a new stake in Sprott Physical Silver Trust in the 4th quarter worth $100,000. Guild Investment Management Inc. acquired a new position in Sprott Physical Silver Trust during the fourth quarter worth $101,000. Finally, Weitzel Financial Services Inc. purchased a new position in Sprott Physical Silver Trust during the fourth quarter valued at $107,000.

Sprott Physical Silver Trust Trading Down 0.6%

NYSEARCA:PSLV opened at $12.17 on Thursday. The stock has a 50 day moving average of $11.07 and a two-hundred day moving average of $10.76. Sprott Physical Silver Trust has a 12 month low of $9.12 and a 12 month high of $12.37.

Sprott Physical Silver Trust Profile

Sprott Physical Silver Trust is a closed-end investment trust company, which engages in the provision of a secure, convenient, and exchange-traded investment alternative for investors interested in holding physical silver bullion without the inconvenience that is typical of a direct investment in physical silver bullion.